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Phi Kappa Sigma Alpha Epsilon FY2023 filing

Not tax-deductible

Chicago, ILMutual-benefit / member-servingEIN 36-6085259

Alpha epsilon of phi kappa sigma educational society's (the society) purpose is to collect rents and maintain the buildings used by the fraternity. The society also maintains the continuity of the fraternity with respect to membership size, which includes subsidizing the fraternity when membership numbers get too low to sustain operations.

Mission: Form 990 Part I, line 1

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $62K a year · 46% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
28 mo
of spending, in cash
Looks good: 28.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$106K
-19% vs prior year
Spent
$38K
To programs
0%
Net assets
$916K
By yearFY2020–FY2025
Revenue
$106K
FY2023▼ -19%
Revenue by fiscal year
FY2020$73K
FY2021$130K
FY2022$132K
FY2023$106K
FY2024$322K
FY2025$44K
Expenses
$38K
FY2023▼ -37%
Expenses by fiscal year
FY2020$68K
FY2021$27K
FY2022$60K
FY2023$38K
FY2024$83K
FY2025$160K
Net assets
$916K
FY2023▲ +13%
Net assets by fiscal year
FY2020$689K
FY2021$966K
FY2022$809K
FY2023$916K
FY2024$1.2M
FY2025$1.1M

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
No
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2025 (typical filing lag)
Legal name (IRS)Hdr · item CPhi Kappa Sigma Alpha Epsilon
EINHdr · item D36-6085259
Exempt statusHdr · item I501(c)(2) · active
Ruling yearIRS BMFJun 1945
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CChicago, IL
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.aepks.com

Financial health

Is it on solid ground?

Surplus margin
+64%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$916K
FY2023▲ +13%
Total assets by fiscal year
FY2020$689K
FY2021$966K
FY2022$809K
FY2023$916K
FY2024$1.2M
FY2025$1.1M
Total liabilities
$0
FY2023
Total liabilities by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0
FY2025$0
Revenue less expensesPt I · Ln 19$68K
Total assetsPt X · Ln 16$916K
Program-expense ratioPt IX · col B0%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Balance Sheet

Part X · end of year
CashLn 1$89K
Total assetsLn 16$916K
Total liabilitiesLn 26$0
Total net assetsLn 32$916K
Months of cash on handcomputed28.1

Statement of Revenue

Part VIII
Investment income$56K · 53%
Program service revenue$50K · 47%
Investment income53%$56K
Program service revenue47%$50K
Total revenueLn 12$106K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $815K · Operating expenses/yr $38K
258.4 months
Where the money goes
Program services
Program services — · Total expenses $38K
—
Management & General
Management & general — · Total expenses $38K
—
Fundraising
Fundraising — · Total expenses $38K
—
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $106K
0%
Government reliance
Government grants — · Total revenue $106K
—
Earned-income share
Program service revenue $50K · Total revenue $106K
47%
Investment reliance
Investment income $56K · Total revenue $106K
+53%
Program self-sufficiency
Program service revenue $50K · Total expenses $38K
132%
Growth & trend
Revenue growth (YoY)
This year $106K · Prior year $132K
-19%
Net-asset trend (YoY)
End of year $916K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $106K · Expenses $38K
+64%
Liabilities-to-Assets
Total liabilities — · Total assets $916K
—
Net-asset ratio
Net assets $916K · Total assets $916K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $727K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $916K
79%
People & payroll
Highest Reported Total Compensation
Individual Brian Collins · Reported title VICE PRESIDENT · Highest reported compensation $0 · Total expenses $38K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $38K
—
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -19%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Brian Collins
Vice President
$0Pt VII · Sec A
Dakota Betts
Vice President (term 8/3/22)
$0Pt VII · Sec A
Doug Opicka
President and Committee Chair
$0Pt VII · Sec A
Hashem Amara
President (term 4/1/23)
$0Pt VII · Sec A
Joe Muchna
Treasurer
$0Pt VII · Sec A
Peter Zurowski
Secretary (term 8/3/22)
$0Pt VII · Sec A
Ricky Stevenson
President (term 8/3/22)
$0Pt VII · Sec A
Brad Ford
Member-At-Large
$0Pt VII · Sec A
See Phi Kappa Sigma Alpha Epsilon executive salaries →

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Governance & Policies

Part VI
  • 8Voting board membersPt VI · Ln 1a
  • 8Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aNo
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14No
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Collects rents, maintains fraternity buildings, and subsidizes operations to ensure membership continuity.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2022.
01

Alpha epsilon of phi kappa sigma educational society's (the society) purpose is to collect rents and maintain the buildings used by the fraternity. The society also maintains the continuity of the fraternity with respect to membership size, which includes subsidizing the fraternity when membership numbers get too low to sustain…

Pt IX · col B

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Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $44K$160K-86% 990 PDF
FY2024 $322K$83K+203% 990 PDF
FY2023 Viewing $106K$38K-19% 990 PDF
FY2022 $132K$60K+1% 990 PDF
FY2021 $130K$27K+79% 990 PDF
FY2020 $73K$68K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Full filing: Form 990 for FY2023

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $37,857 across 3 lines filed
IX-11g Other fees for services$0
IX-24 Other expenses (24a–d)$37,857
IX-24e All other expenses$0
IX-25 Total functional expenses$37,857

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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